Question

Salient Features of the Banking Companies Act, 1949

Answer 1

Answer:

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Features of banking regulation act 1949:

Features of banking regulation act 1949:The main features of the banking regulation act are as follows: Prohibition of trading (Section 8): According to Section 8 of the Banking Regulation Act, a bank cannot directly or indirectly deal with buying or selling or bartering of goods.

Answer 2

Answer:

Features of banking regulation act 1949:

The main features of the banking regulation act are as follows: Prohibition of trading (Section 8): According to Section 8 of the Banking Regulation Act, a bank cannot directly or indirectly deal with buying or selling or bartering of goods.D